M&G recently offered readers the chance to win an exclusive day out at Royal Ascot races to mark the 75th year since M&G launched the UK’s first unit trust. Melvin Pye of Smith & Pinching Financial Services and Mark Rowe-Ham from Brewin Dolphin Securities each win a pair of tickets to spend the day in the Bessborough restaurant and a night in a top hotel in June.
Bradford & Bingley is returning to a tied model as it rejects its mortgage panel of 18 lenders.The bank will sell only its own brand products and will close down its mortgage broking service as it focuses on buy-to-let, self-cert and lifetime mortgages. It says all pipeline business will be administered by B&B to completion […]
An increase to the retirement age by three years could put even greater pressure on employee benefit schemes and force insurers’ hands when it comes to determining policy details of group risk schemes, according to UnumProvident.
Millfield’s disclosure that its talks with a buyer have fallen through and that it has now brought in turn-round consultants poses the questions of why did the deal fail and can the consultants revive the business?
The FSA must wake up to the fact that current industry reporting requirements are not based in reality, according to independent consultant Ned Cazalet. Cazalet warned the IEA annual conference last week that product providers are not disclosing real profits as their new business numbers in life and pensions are based on money being recycled […]
By Fiona Tait, Pension Specialist Royal London firmly believes in the value delivered to clients by financial advisers, not just for one-off events but on an ongoing basis. This is a position we continue to hold in our consultation responses and external communications while always questioning whether there are ways in which we can help […]
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]